Somali AgriFood Fund

Date Shared:

Monday, January 28, 2019 - 15:37

Countries and areas:

Somalia

2030 Agenda migration-relevant and related target Labels:

Goal 10: Reduced inequalities - 10.c on remittances costs reduction

GCM Thematic Cluster Areas:

Objective 19: Create conditions for migrants and diasporas to fully contribute to sustainable development in all countries

Contributors:

Civil Society

Chairmanship:

Germany-Morocco 2017-2018

Geographical Relevance:

National

Tags:

Diaspora Investment and Entrepreneurship

Summary:

The Somali AgriFood Fund is a seed capital investment matching fund, which targets the succesful Somali diaspora in the United States, Canada, European Union and Australia, matching their interest to invest with small and medium enterprises in agribusiness in Somalia on fishing, agriculture, food processing, packaging, cold storage facilities, and livestock.

Link:

For more information:

http://somaliagrifood.org/

GFMD Source:

GFMD 2019 - Background Paper RT 3.2 "Harnessing migration for rural development"

GFMD 2018 - Marrakesh Summit RT 3.2 "Beyond Remittances: leveraging the development impact and promoting the transnational engagement of diaspora and migrants"